Long Eur | 24 August 2018

24 August 2018, EUR/USD

Technical Observation

Eur is an uptrend, while the price is above the two simple Moving Averages, I expect nothing but a rise towards 1.1735. The line 1.1735 is a key line and while price is below it, I expect a momentum towards it. The idea is to wait for a pullback towards 1.1615 to pick a long position towards 1.1765. On the other side, should the price break below 1.1528, then I'll wait for a pullback to the same line to pick a short position. As it is on the hourly chart, ,only buy positions looks more ideal and can be advised.

Trade Recommendations:

Long Eur

101% Double the volume

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Imelda Maseno
Analyst of «FreshForex» company
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